rosco46... FWIW I sold my remaining RTD a week or so back after holding for 2+ years (not that long I know) as I sensed the consolidation may leave the SP open to rampant shorting and hence would allow me to re-enter at a lower price to today (in relative terms)
Since then I've been invested in PRTY (@71p) and have now recovered my loss on selling RTD when I did (I averaged up from entry into RTD !)
The share offer appears to be attractive to holders but due to the risk on consolidation I wasn't interested in taking up the rights. I still believe that RTD is a strong business but to me its lost alot of its attraction as it seems to have lost its way slightly on the CNP side at a time when I would have expected it to be clearing up. Maybe its a different approach thats being consciously taken but I prefer a steady stream of RNS's to announce contract wins rather than a few oblique references in a results release.
The Barclays share sell this week also alarmed me in so much that strong institutional support is useful when you want to avoid becoming a P&D share as you believe that the insti's have more than a 2 minute hold strategy. This also makes me think that there maybe more share volatility (up or down) post consolidation as the market may be more liquid.